Our mortgage is fixed. The house may lose value, but we moved in here planning to stay anyway.
All those folks who have been foreclosed on....they'll need a place to live and guess what? They don't qualify for loans. That means they'll be renting.
Rent prices have already gone up considerably in some parts of the country since this mess started snowballing. Supply and demand.
Triple your rent. Now consider that real inflation is about 12% (3%...give me a freakin' break) Food is going up daily. OPEC is meeting this weekend, rumor is they are dumping the dollar. If that happens, gas may go up as much as 2 dollars before the middle of next summer. I'll check in on you next Fall. See how you're doin'.
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Master Artist: Karen Parker GhostWoman Studios